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Grupo Financiero Bancomer Says
Plans for Job Cuts Are Preliminary

MEXICO CITY -- Mexico's Grupo Financiero Bancomer said its plans to cut 3,000 jobs in 1999 are based on preliminary figures, a Bancomer official reportedTuesday.

Bancomer spokesman Vicente Rodriguez said the number of layoffs could vary according to market conditions and job transfers to joint ventures with local financial group Banamex-Accival. Banacci officials have said in the past that the joint ventures in technology and system...